FXStreet (Guatemala) - GBP/USD is trading at 1.7032, up 0.04% on the day, having posted a daily high at 1.7036 and low at 1.7021.



Sterling has been stealing the show, bar the NZD/USD, with markets pricing in a rate hike from the BoE and with the bulls fuelling the pair on the Financial Stability report with the FPC suggesting that there isn’t an imminent threat. Economists are expecting rates to gradually get back to normal levels supporting the pound. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. We now await the final release of the GDP Q1 for the UK tomorrow.



GBP/USD Levels



Spot is presently trading at 1.7033, and next resistance can be seen here at the (Daily Classic R2), 1.7036 (Daily High), 1.7040 (Monthly High), (Weekly High) and (Annual High). Next support to the downside can be found at 1.7027 (Daily Open), 1.7021 (Daily Low), 1.7015 (Hourly 20 EMA), 1.7009 (Daily Classic R1) and 1.7003 (Hourly 100 SMA).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD lid turn tighter on Yellen and dollar strength

  2. Forex News

    GBP/USD back to 1.5000 in time - Rabobank

  3. Forex News

    GBP/USD: technicals providing an early warning sign – Scotiabank

  4. Forex News

    GBP/USD hits session low of 1.5495

  5. Forex News

    GBP/USD drops sharply after US CPI, BoE Carney speech

Trading Center